Loans

Rates are subject to change without notice.

 

Signature Loans Annual Percentage Rate
0-24 Months 7.90%
24-36 Months 8.50%
37-48 Months 9.25%
49-60 Months 9.90%
   
Vehicle Loans (2016 & Newer)  
24 Months 2.25%
36 Months 2.75%
48 Months 3.25%
60 Months 3.50%
72 Months 3.99%
Available with Mileage Under 20,000:  
48 Months with 24 Month Balloon 2.49%
72 Months with 36 Month Balloon 2.99%
72 Months 3.99%
   
Vehicle Loans (2014 & 2015)  
24 Months 2.25%
36 Months 2.75%
48 Months 3.25%
60 Months 3.50%
72 Months 3.99%
   
Vehicle Loans (2011, 2012, & 2013)  
36 Months 3.90%
48 Months 4.25%
60 Months 4.50%
   
Vehicle Loans (2008, 2009 & 2010)  (Must have N.A.D.A. Book Value of $7,000 or more)
36 Months 4.50%
48 Months 4.90%
   
Vehicle Loans (2006 & 2007)  (Must have N.A.D.A. Book Value of $6,000 or more and meet eligibility criteria)
36 Months 4.75%
48 Months 5.25%
   
100% Share Secured Loans  
24 Months 2.25%
48 Months with 24 Month Balloon 2.49%
36 Months 2.75%
72 Months with 36 Month Balloon 2.99%
48 Months 3.25%
60 Months 3.50%
72 Months 3.99%
84 Months with 42 Month Balloon 4.50%
84 Months 5.50%
   
50% Share Secured Loans  
36 Months 5.75%
48 Months 6.25%
60 Months 6.75%
   
Home Equity Loans ($15,000-99,999)  
Fixed Terms:  
36 Months 3.50%
48 Months 3.75%
60 Months 3.90%
72 Months 4.75%
84 Months 4.90%
   
72 Months with 3 Year Balloon 3.50%
108 Months with 3 Year Balloon 3.90%
144 Months with 3 Year Balloon 3.90%
   
96 Months with 4 Year Balloon 4.25%
144 Months with 4 Year Balloon 4.25%
   
120 Months with 5 Year Balloon 4.25%
180 Months with 5 Year Balloon 4.50%
   
144 Months with 6 Year Balloon 4.90%
   
168 Months with 7 Year Balloon 4.90%
   
Home Equity Loans $100,000 and Over
Available with approval by the Board of Directors at fixed rates for entire term if desired.

Home Equity Loan Application Fees:

 $15,000-24,999:          $250 with appraisal / $75 without appraisal

$25,000-39,999:          $200 with appraisal / $75 without appraisal

$40,000-59,999:          $150 with appraisal / $50 without appraisal

$60,000 and up:          Free for terms of 6 years or more / Free without appraisal
$100 with appraisal for terms of 5 years or less

 No fees will apply for balloon rewrites where no new money is being loaned.
If new money is taken at the time of balloon refinance, an application fee will be charged if a new appraisal is required.  A new appraisal is required if the one on file is over 5 years old.

equal housing lender

All loan rates listed are APRs (Annual Percentage Rates).

Loan Policies:

  • Applicants must have regular shares on deposit equal to 10% of the loan or $200.00, whichever is less, before the loan may be disbursed.
  • Loans are available to a member immediately upon joining.
  • SIGNATURE LOANS:  Loan limits are set based upon income.  A co-maker may be required.
  • VEHICLE LOANS:  All individuals on the vehicle title must sign the loan agreement.  We can finance…
    • 95% of the selling price excluding fees & taxes for new cars.  (Manufacturer rebates count toward the 5%.  Dealer discounts do not.)
    • 95% of the N.A.D.A. retail value for 2016, 2015, or 2014 model years.
    • 90% of the N.A.D.A. retail value for 2013, 2012, or 2011 model years.
    • 85% of the N.A.D.A. retail value for 2010, 2009, 2008, 2007, or 2006 model years.
  • Boats, mobile homes, or motorcycles are not acceptable as vehicle loans.
  • HOME EQUITY LOANS:  All individuals on the deed must sign loan documents. Application fees may apply based on the amount of funds requested (see Rates page).  The Credit Union must be the first OR second mortgagee for all home equity loans, so you may wish to pay off an existing mortgage or mortgages.

Loan Applications:

Loans are disbursed by pre-scheduled appointment in our Wilkes-Barre office.  For more information, please contact Roger or Wendy at (570) 825-8150 or toll free at 1-888-926-8566.   Hazleton office appointments may be available on Thursdays depending on schedule but cannot be guaranteed.  The first step should always be a phone call to our Wilkes-Barre office to discuss your situation.

Though we would prefer to talk to you in person, you can print out and fill in our application forms.  Please note that inaccurate or incomplete applications may result in delays or denials in processing your application.

Application for personal or vehicle loans (Adobe Acrobat PDF format)

If you are buying a vehicle from a dealer, please ask them to fax the buyer’s order to our office at 570-825-7125.

Application for home equity loans (MS Word, requires legal-sized paper)
Home equity loan application cover sheet (MS Word)

Home equity loans require submission of an application with cover sheet along with a copy of your deed.  They take an average of 3 weeks to process due to appraisal, title search, etc.  We will call you to schedule your closing in our office, and funds will be disbursed 3 business days after your closing.  See the chart above for fees that may apply.

You may return your application to any of our offices, or mail to:

U.F.C.W. Local #72 Federal Credit Union
P.O. Box 1234
Wilkes-Barre, PA 18703-1234